67-7-12 - Successor supplier to become obligated to all terms and conditions of agreements between original supplier and wholesaler in effect on date of succession.
§ 67-7-12. Successor supplier to become obligated to all terms and conditions of agreements between original supplier and wholesaler in effect on date of succession.
A successor shall become obligated to all of the terms and conditions of the agreement in effect on the date of succession. This section applies regardless of the character or form of the succession. A successor has the right to contractually require its wholesalers to comply with operational standards of performance if the standards are uniformly established for all the successor's wholesalers and conform to the provisions of this chapter.
Sources: Laws, 2009, ch. 342, § 1, eff from and after passage (approved Mar. 16, 2009.)